It's unassailable. It's been at #1 through the ICO boom, to the DeFi summer, the NFT craze, the rise of stablecoins, the collapse, bankruptcies, and leverage saboteurs. The BTC/USD pair accounts for all the volume in cryptomarkets. Tether itself usually averages more volume than BTC, ETH, USDC, ADA, DOGE, and XRP...COMBINED in any given 24/hr period. The most unstable spot in the market cap rankings has always been the #3 spot. I call it the Game of Thrones spot. Anyone that's ever been there has gotten killed or never stayed there.

My prediction would be that Tether flips Ethereum in the next 24 months pushing it to the #3 spot. You have to understand that 90% of all DeFi debt is from stablecoins—a number that is only growing directionally. And too, over 85% of all altcoin volume is stablecoin related—another growing number. And that stablecoins are emerging as major (and much needed) buyers of short-term US debt (T-bills). For me to be correct, Tether just needs to keep growing at the pace it's always been. When the flippening happens, it'll be quite embarrassing, there will be questions about the security guarantee of the platform by even the donkeys of uLtRaSoUnD MoNeY.